RBS's Schmidt Sees U.S. 'Happy' With Orderly Dollar Drop

Adrian Schmidt, a senior currency strategist at Royal Bank of Scotland Group Plc, talks with Bloomberg's Matt Miller from London about the outlook for the U.S. dollar, effects of Federal Reserve monetary policy, and the potential impact of the U.S. economy on the European Union. Officials of the Group of Seven nations meet this week in Washington, and are unlikely to agree on a plan to support the dollar because rising exports may be the only blessing of a weak currency in a slowing economy. (Source: Bloomberg)

Bloomberg | April 7, 2008

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